The UCU claims vice-chancellor Professor Michael Scott enjoyed an 8% pay increase between 2012 and 2013 despite the university’s recovery plan being closely monitored by the Higher Education Funding Council for Wales (HEFCW).

It adds that the university is due to make a loss on the Racecourse stadium as income is forecast to be £655,000 while costs are anticipated at £972,000.

Income for the year ending July 31, 2013 was £4.5m down on the previous year, according to UCU who also claim the recovery plan drawn up in December was based on cutting staff and increasing students but its predicted surplus for 2014/15 is only £145,000 – leaving it vulnerable to slipping into a further deficit.

UCU regional official Margaret Phelan, said: “We have no confidence that the current management will be able to put the university on a secure footing for a successful future.

"That is why we have called for the resignation of the vice-chancellor and the chair of the board of governors.”

A Glyndr University spokesperson responded: “Having considered the quoted assertions made by a UCU spokesperson, the university feels that the information on which they appear to be based represents selective quoting at best.

“In particular, it is factually incorrect to state that the Vice Chancellor has ‘enjoyed an 8% pay increase between 2012 and 2013’. The university’s accounts, which are a matter of public record, confirm that position.

“The projected financial losses of the stadium as highlighted by UCU omit to consider that the ground is a valuable resource for the university, as well as providing an asset on which it can attract additional income, which is part of its strategic plan.

"The stadium also has an intrinsic value to the community of Wrexham, which the university serves as part of its mission.

“The quoted assertion that the University’s predicted surplus for 2014/15 ‘is still only £145,000’ paints an inaccurate picture as the group surplus is actually £463,000. This is also a matter of public record.

“Based on the above, the university does not consider the views of the quoted UCU regional official as credible.

"The university is confident its vice chancellor and board of governors represent the best resource for meeting its current and future challenges.”